Latest Bermuda Headlines

People and Places

Oct 9 2006 // Ernie Csiszar resigned from the Property Casualty Insurers Association of America. PCI has launched a national search for a new CEO. June Holmes, PCI’s current chief operating officer, will serve as the interim...

Oct 9 2006 // People Ernie Csiszar resigned from the Property Casualty Insurers Association of America. PCI has launched a national search for a new CEO. June Holmes, PCI’s current chief operating officer, will serve as the...

Fletcher Joins White Mountains Re

Oct 4 2006 // The Bermuda-based White Mountains Re Group, Ltd., the reinsurance unit of the White Mountains Insurance Group, announced that C. Russell Fletcher III will join the organization. He’s been named as President and CEO...

Catlin Enters $200 Million Cat Swap

Oct 2 2006 // The Bermuda-based Catlin Group Limited, an international specialty P/C insurer and reinsurer, announced that an operating subsidiary, Catlin Insurance Company Ltd. of Bermuda, “intends, subject to completion of...

AXIS Opens New Bermuda HQ

Sep 22 2006 // AXIS Capital Holdings Limited announced that the Company has consolidated its Bermuda-based operations and staff into its new headquarters, AXIS House, which is located at 92 Pitts Bay Road, Pembroke, Bermuda HM08. AXIS...

ACE Bermuda Introduces New Specialized D&O Coverage

Sep 18 2006 // ACE’s Bermuda-based subsidiary, Corporate Officers & Directors Assurance Ltd. (CODA) has announced the launch of three new professional lines products aimed at the North American business segment. Executive VP...

ACE Appoints Samson Chief Bermuda Administration Officer; White to Retire

Sep 13 2006 // ACE Limited announced that Lori Samson, Executive Services Director, has been named Chief Administration Officer for Bermuda-based operations. In this role she assumes the administrative responsibilities of Keith White,...

Hiscox 1H Premiums Up; Profits Down; Plans Bermuda Move

Sep 12 2006 // U.K.-based specialty and Lloyd’s insurer Hiscox plc posted a mixed first half performance. According to its recently published statement gross premiums written rose 43 percent to £625.1 million ($1.167 billion)...

Bermuda Feeling Winds, Heavy Rains from Hurricane Florence

Sep 11 2006 // A hurricane warning continues for Bermuda as Florence, the sixth named storm of the season, passes near the island. The center of the storm is passing a short distance west and northwest of Bermuda this morning. At 8 am...

Hiscox Lloyd’s Syndicate ‘in Discussions’ on Bermuda Sidecar

Sep 5 2006 // The U.K.’s Hiscox plc announced that its Board of Directors, is “in discussions which could lead to the creation of a new reinsurer, which will only reinsure Hiscox Syndicate 33,” which it manages, and in...

Reinsurers ‘humbled, but most not broken’

Sep 4 2006 // In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes — Katrina, Rita and Wilma — the global reinsurance industry is still struggling to...

Seth Appointed New Director ACE European Markets

Aug 30 2006 // ACE Bermuda has appointed Anup Seth as Managing Director of ACE European Markets. He will assume responsibility for the general day-to-day management of ACE’s Dublin-based operation, which was established in 1997 to...

Pettersen Joins Towers Perrin Reinsurance Bermuda Office

Aug 29 2006 // Global services provider Towers Perrin announced that Phillip Pettersen has joined the firm’s Reinsurance business as a Managing Director based in its Bermuda office. He will be responsible for business and brand...

Best Reports on Reinsurers: ‘Humbled, But Most Not Broken’

Aug 18 2006 // In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes—Katrina, Rita and Wilma—the global reinsurance industry is still struggling to manage its...

Park Group Announces Promotions in Bermuda, London

Jul 13 2006 // The Park Group recently announced internal appointments and changes to its management structure. According to the Group’s written statement, “these changes bring our best talent to the forefront of our...

News Briefs

Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...

Hiscox AGM Statement

Jun 21 2006 // The U.K.’s Hiscox plc, a leading specialist insurer, operating in the Lloyd’s market, Bermuda and the U.S. said it “will give the following update at its Annual General Meeting,” scheduled to be...

Catlin’s AGM Statement Details Increased U.S. Presence

Jun 8 2006 // The Bermuda-based Catlin Group Limited issued a general statement following the conclusion of its annual general meeting, held in Bermuda on June 6, which showed a “solid performance by the Catlin Group during the...

Ex-Tyco CEO Kozlowski Seeks Insurance Broker’s Documents

Jun 4 2006 // Former Tyco CEO L. Dennis Kozlowski is asking a court to force a Bermuda insurance broker to hand over documents related to whether an insurer must pay his legal bills of almost $17.8 million (euro14 million). In papers...

Praetorian to Acquire Surplus Lines Insurer Alea North Ammerica

May 26 2006 // Specialty insurer Praetorian Financial Group said it has agreed to acquire Alea North America Specialty Insurance Company (ANASIC), an affiliate of Alea Group Holdings (Bermuda) Ltd of Hamilton, Bermuda. ANASIC is a...